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Daniel Major: Building a Mine In a Uranium Bull Market Is Best Way To Capture Massive Gains – Paladin Energy, Energy Fuels, & GoviEx Uranium

Daniel sees two possibilities with the current uranium market, either slow and steady growth or what looks increasingly likely, that the price remains flat, as utilities fail to buy in, until the price explodes upwards.

Due to Uranium being a commodity and the way pricing is structured, there is a lot of potential energy from the contract market. The buyers still have inventory and contracts, at the same time these contracts are starting to come off fairly quickly. The producers require a price above $40, so contract prices going forward are going to be considerably higher.

During the last market cycle the two companies that did exceptionally well were Energy Fuels and Paladin. These two companies changed from being explorer/developers to producers, GoviEx is positioning to do the same. GoviEx has a big discount relative to it’s peers due to perception, since it’s in Africa, Daniel thinks this sentiment will change.

The companies that deliver on construction during a bull market will produce the highest gains. GoviEx is one of only a few companies that already have permitted projects.

Daniel discusses how GoviEx due to the type of industry and the projects location, is constructing a robust financing package that will attract investment and mitigate risks to debt holders.

Talking Points From This Week’s Episode
• Uranium price likely to remain flat and then quickly move upwards.
• GoviEx is working on becoming a producer, and arranging financing.
• Many uranium companies projects are reaching the end of their useful lives.
• Potential in uranium is high as last years price action demonstrated.

Daniel Major is Chief Executive Officer of GoviEx and is a mining engineer from the Camborne School of Mines in the UK. His career spans over 25 years in the mining industry where he has established a solid track record initially with Rio Tinto at the Rossing Uranium Mine in Namibia and later as a mining analyst with HSBC Plc followed by JP Morgan Chase & Co. in London. More recently Mr. Major was Chief Executive and later Non-Executive Chairman of Basic Element Mining and Resource Division in Russia, and held leadership positions in several Canadian listed mining companies with exploration and producing assets in Canada, Russia and South America.